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November 30, 2022December 26, 2022

Switzerland has expanded the list of anti-Russian sanctions following the EU

Switzerland has brought the list of personal sanctions in line with the restrictions adopted by the European Union in the framework of the eighth package. As for the introduction of a ceiling on oil prices, the country will decide on the advisability of this measure

Switzerland has expanded its anti-Russian sanctions list, bringing it in line with the European Union’s list, according to the country’s Federal Council website.

“Thirty more individuals are now subject to financial sanctions and a travel ban, as well as seven more legal entities to financial sanctions,” the report said.

The Federal Department of Economic Affairs (EAER) also informed the council of other restrictions included in the eighth EU sanctions package, including the oil price ceiling and export restrictions. “The Federal Council will decide whether to adopt these new measures. EAER has begun work in this direction,” the statement said.

The Swiss blacklist includes people linked to the referendums in the territories annexed to Russia, their assets in Switzerland will be frozen. It also includes CEC head Ella Pamfilova, her deputy Nikolai Bulayev, First Deputy Defense Minister Ruslan Tsalikov, Deputy Defense Minister Yunus-Bek Yevkurov, Kalashnikov Concern president Alan Lushnikov, singers Oleg Gazmanov and Nikolai Rastorguev, singer Yulia Chicherina and philosopher Alexander Dugin.

The following legal entities were subject to restrictions: the CEC, Goznak, Irkut Corporation, Fakel Machine-Building Design Bureau, Degtyarev Defense Plant, Avangard Moscow Machine-Building Plant, and Splav Scientific and Production Association.

The EU extended sanctions against Russia on October 6. The list of sanctions included a price ceiling on Russian oil supplies to third countries, export and import restrictions, a ban on cryptocurrency wallets for Russians and a number of other measures. The cost of all trade restrictions by the European Union is estimated at about €123 billion, said the materials of the European Commission.

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